Smithers identifies new lucrative markets in advanced engineering

Birmingham, UK was a fulcrum of the industrial revolution. This November it will again be host the latest generation of technical innovations at the Advanced Engineering 2016. The market report portfolio of Smithers Apex – Advanced Engineering 2016’s official data partner –profiles many of the key processes and materials that are enabling the technology on display at the NEC on 2-3 November.

Composite materials are rapidly finding new applications in a range of high-performance industries. Data in the Smithers report the Future of Carbon Fiber to 2021 charts how demand for this composite material is booming. Over the next five years, world consumption will grow at 12% year-on-year to reach 132,000 tonnes in 2021. This includes use in high-end engineering applications, like supercar body components from Prodrive and passenger train doors from Penso, on display at the show.

One of the most disruptive future technologies for the manufacturing segment across the next decade is 3D printing. Analysis of this evolving market is given in the Smithers Apex market report The Future of 3D Printing to 2025 Already worth nearly $6 billion in 2015, this process market is forecast to increase by nearly 24% year-on-year to hit $50 billion worldwide in 2025.

Also known as additive manufacturing, 3D printing is part of a booming market for functional and industrial print. Smithers’ analysis The Future of Functional and Industrial Print to 2020 has identified this area – printing on non-conventional substrates – as a key market opportunity for print firms as traditional printed paper segments, like newspapers and books, decline in the face of competition from online media.

Technology also has the scope to transform agriculture –humankind’s oldest industry. This is being done through new crop treatments, improved DNA sequencing, and the introduction of drones and autonomous vehicles.

Smithers’ Ten-Year Forecast of Disruptive Technologies in Crop Protection to 2025 tracks the impact of the top 25 of these across the next decade. An insight into their potential will be given at Advanced Engineering with autonomous farm vehicles built by researchers at Harper Adams University.  

As part of its partnership with Advanced Engineering   Smithers Apex is offering a 10% discount on its reports to visitor companies running 02-16 November 2016. For more information on the any of the above reports please contact Stephen Frier or Tel: +44 (0)1372 802006

For press enquiries, please contact Julie Bostock:
Tel: +44 (0) 1372 802 035

For any enquiries regarding the Advanced Engineering Show 2016 please click here